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DRIVE-SPRING
2014
PROGRAM-MBADS
(SEM 3/SEM 5) MBAFLEX/ MBAN2 (SEM 3) PGDBMN (SEM 1)
SUBJECT
CODE & NAME-MA0037 BANKING RELATED LAWS AND PRACTICES
BK
ID-1618
CREDIT-4
MARKS-60
Q1.
Explain the provisions of Banking Regulation Act enabling RBI to control
deposits, loans and advances and rate of interest in the banking companies.
(Explain
the provisions of Banking Regulation Act) 10
Answer.
Provisions
of Banking Regulation Act
The
following are the important provisions under Banking Regulation Act, 1949
regarding control and regulation of Banking Sector in India.
Q2.
Discuss whether banks are authorised to deal in foreign exchange can issue
guarantee on behalf of person residing outside India for foreign direct
investment transactions in India.
(Explain
Guarantee, Discuss rules regarding bank authorised to deal in foreign exchange
can issue guarantee on behalf of person resident outside India for foreign
direct investment transactions)5,5
Answer.
Guarantee
A
guarantee from a lending institution ensuring that the liabilities of a debtor
will be met. In other words, if the debtor fails to settle a debt, the bank
will cover it. A bank guarantee
enables the customer (debtor) to acquire goods, buy equipment, or draw down
loans, and thereby expand business activity.
Q3.
Discuss the provisions of Banking Regulation Act.
(Explain
the provisions of Banking Regulation Act)10
Answer.
Provisions
of Banking Regulation Act
The following are the important
provisions under Banking Regulation Act, 1949 regarding control and regulation
of Banking Sector in India.
The requirements regarding the minimum
paid-up capital and reserves for commence mint of banking business.
Q4.
Explain registration of securitisation company or reconstruction company.
Explain enforcement of security.
(Explain
registration of securitisation company, Explain enforcement of security)5, 5
Answer.
Registration
of Securitisation Company
The securitisation company or
reconstruction company can commence or carry on business only on complying the
conditions below:
a. It has to obtain the
certification of registration in the prescribed format from the reserve bank.
b. It has to maintain the owned
funds not less than Rs. 100 crore or such other amount not less than 15% of
total financial assets acquired or to be acquired as the RBI may specify
whichever is less.
Q5.
What do you mean by arbitration under Banking Ombudsman scheme? Explain the
procedure for redressal of grievances under Banking Ombudsman scheme?
(Explain
arbitration, Explain the procedure for redressal of grievances)3,7
Answer.
Arbitration
In any settlement of dispute, the
role of arbitration and conciliation is of great importance. Voluntary
settlement is better than third party independent decision. Banking Ombudsman
scheme provides for arbitration and conciliation
Q6.
Is Securitisation Act applicable to Cooperative banks? If not, discuss the
reasons.
(Explain
Securitisation Act, Explain the reasons whether the Securitisation Act applicable
or not to Cooperative banks)5, 5
Answer.
Securitisation
Act
An Act to regulate securitisation
and reconstruction of financial assets and enforcement of security interest and
for matters connected therewith or incidental thereto. Securitisation Act
applicable to Cooperative banks
The full form of SARFAESI Act as
we know is Securitisation and Reconstruction of Financial Assets and
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